Articles tagged with Investment

Showing 15 of 135 articles

New Zealand Petroleum Exploration Permits Open in September: Crown Minerals Amendment Bill Impact

The Crown Minerals Amendment Bill, following its third reading, will allow operators to apply for new petroleum exploration permits starting in September. The Bill removes the ban on oil and gas exploration beyond onshore Taranaki, introduces a new tier of permit for small-scale non-commercial gold mining, and aims to boost investment in Crown-owned minerals. Changes in liability for decommissioning costs and the need for clarity in regulatory burden and risk are also addressed in the Bill to enhance investor confidence and energy security.

Improved Access to Maternal Mental Health Support in Waikato, Hawke’s Bay, Mid Central, and Wellington Regions

New funding of $4.9 million will improve access to specialist mental health support for women and families during and after pregnancy in Waikato, Hawke’s Bay, Mid Central, and Wellington regions. The investment aims to provide timely and appropriate care for those facing mental health challenges during pregnancy or postpartum, including support for birth trauma or stillbirth. This funding will create more roles in community-based specialist infant and maternal mental health services, ensuring more equitable access and reducing wait times for those in need of care.

Hamilton & Waikato Councils Unveil Groundbreaking Multi-Council Water Services Plan

Hamilton City and Waikato District Councils have collaborated on the first multi council water services delivery plan, aiming to benefit ratepayers by providing safe, reliable, and affordable drinking and wastewater services while keeping rate increases down. This joint effort, known as Local Water Done Well, ensures ongoing financial sustainability for 280,000 residents served by the combined organization, supporting infrastructure investment for growth and improved service quality over the next decade. Local Government Minister Simon Watts commends the councils for their proactive approach and encourages other councils to consider similar collaborative models to enhance community services.

Government Invests $30 Million to Expand State-Integrated Schools for Student Growth

The Government is investing $30 million to support roll growth in state-integrated schools, providing more choice for parents in their child's education. This funding will create up to 1,250 new student places over four years, using cost-effective designs and offsite manufactured buildings. Education Minister Erica Stanford emphasizes the importance of integrated schools in meeting community needs and ensuring high-quality education options for students and teachers to thrive.

NZ-UAE Comprehensive Economic Partnership Agreement Boosts Export Opportunities in $500B Market

The NZ-UAE Comprehensive Economic Partnership Agreement (CEPA) legislation has passed, giving Kiwi exporters access to a $500 billion market that imports 90% of its food, with tariffs on 98.5% of exports immediately removed, rising to 99% in three years. Agriculture, Trade, and Investment Minister Todd McClay highlights the benefits of the agreement in lowering costs, increasing access, and enhancing New Zealand's presence in the Middle East, aiming to capitalize on UAE consumers' demand for safe, fresh products. The CEPA aims to boost two-way trade between New Zealand and the UAE, worth $1.35 billion last year, by reducing red tape, promoting services trade, and supporting investment links, aligning with the government's goal of doubling export value in a decade.

New Zealand Resolves Dairy Dispute with Canada Under CPTPP, Securing $157m Export Value Annually

Trade and Investment Minister Todd McClay announced a resolution to a dairy dispute between Canada and New Zealand under the CPTPP, projecting a $157m annual export value increase for New Zealand dairy exporters. New Zealand initiated dispute settlement proceedings due to limited dairy market access in Canada, leading to a favorable ruling and subsequent agreement for improved access through quota adjustments and penalties for misuse. McClay emphasized the importance of upholding CPTPP obligations, praised Canada for constructive engagement, and highlighted the agreement's reinforcement of the rules-based trading system.

Minister Nicola Grigg Leads NZ Delegation to Pacific Trade Ministers Meeting in Fiji

Minister of State for Trade and Investment Nicola Grigg will attend the Pacific Island Forum’s Trade Ministers Meeting in Fiji to discuss the importance of trade for economic growth and prosperity in New Zealand and the Pacific region. The meeting aims to shape the future of trade and economic integration among Pacific Island countries. Ms. Grigg highlights New Zealand's commitment to regional cooperation, resilience, and leadership in advancing Pacific trade priorities, including initiatives such as the Fiji New Zealand Business Council's strategy to increase two-way trade to NZ$2 billion by 2030 and the PACER Plus trade agreement benefiting businesses and promoting investment flows in the region.

New Cycle Bridge Boosts West Coast Wilderness Trail, Boosting Local Economy

A new cycle bridge on the West Coast Wilderness Cycle Trail will bring more visitors to the region and boost the local economy. “I’m thrilled to be supporting the construction of the Totara River Rail Bridge, ensuring visitors can once again ride this popular trail from start to finish,” Tourism and Hospitality Minister Louise Upston says. “The West Coast Wilderness Cycle Trail is one of our Great Rides and attracts both international and domestic visitors alike, showcasing the stunning scenery of the West Coast.

Innovative Investment Boosts New Zealand's King Salmon Feed Development for Export Growth

The Government is backing innovation to grow New Zealand’s high-value aquaculture exports, with a $455,000 investment from the new Primary Sector Growth Fund to support the development of specialised feed for King salmon, Agriculture, Trade and Investment Minister Todd McClay announced today. The $1. 2 million project—led by global aquafeed company Skretting—will design feed tailored specifically for New Zealand’s King salmon, supporting the growth of open ocean farming and helping reduce costs for local producers.

Parliament Passes Legislation to Establish Invest New Zealand for Economic Growth and Innovation

Parliament has today passed legislation to formally establish Invest New Zealand, clearing the way for the new investment attraction agency to begin operations on 1 July 2025. “This marks a major step in the Government’s plan to grow the economy by attracting more international capital, businesses and talent into New Zealand,” Trade and Investment Minister Todd McClay says. “Invest New Zealand will have a clear commercial focus—working directly with global investors to unlock opportunities that create jobs, boost innovation, and lift our long-term productivity.

New Zealand's Path to Economic Growth: Easing Investment for Businesses and Higher Wages

Associate Finance Minister David Seymour welcomes the passing of first reading for a Bill to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has passed its first reading in Parliament today. “New Zealand has been turning away opportunities for growth for too long.

New Zealand Invests $150,000 in WTO Fisheries Subsidies Agreement for Fair Global Trade

The Government is investing a further $150,000 to support implementation of the WTO Fisheries Subsidies Agreement—ensuring New Zealand exporters can compete on a level playing field while helping protect global fish stocks. “This is about backing rules that stop unfair subsidies and make sure all countries are held to the same standards,” Trade and Investment Minister Todd McClay says. “It’s in New Zealand’s direct interest to see this Agreement fully implemented—especially in the Pacific, where many of our key partners operate and where our seafood exporters are active.

Accelerated Overseas Investment Decision-Making: Minister's Directive Leads to Efficiency Gains

Associate Minister of Finance David Seymour is encouraged to see overseas investment decisions being made twice as fast following his Ministerial directive letter (the letter) to Land Information New Zealand (LINZ). “Last year I issued a Ministerial directive letter setting out my expectations for faster consent processing timeframes under the Overseas Investment Act (the Act),” Mr Seymour says. “The letter set my expectation that LINZ, the regulator for the Act, will process 80 per cent of consent applications in half the statutory timeframes for decisions.

Investment Summit drives strong bids for Northland Expressway

The positive impact of the Government’s Infrastructure Investment Summit earlier this year is beginning to show, following the shortlisting of three consortia for the Warkworth to Te Hana section of the Northland Expressway, Infrastructure and Transport Minister Chris Bishop says. “The Investment Summit, which took place in Auckland in March 2025, attracted international and local companies which collectively manage over $6 trillion in capital,” Mr Bishop says. “Ministers’ presentations at the Summit left the investors in no doubt that New Zealand is serious about attracting investment into the big infrastructure projects our country needs.

Going for growth with more overseas investment

Associate Finance Minister David Seymour welcomes the introduction of legislation to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has been introduced to the House. “New Zealand has been turning away opportunities for growth for too long.